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Article: Rochester, Minn.-Based Electronics Company Hopes to Recover.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 17, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Bob Freund, Post-Bulletin, Rochester, Minn. Knight Ridder/Tribune Business News
Jun. 17--Homegrown Pemstar Inc. is embarking on a plan to recover from the poorest quarter in its history as a public company.
Its fix-up obviously will be directed from corporate headquarters in Rochester, but it also has already involved Pemstar's local factories.
In the wake of its $47 million loss in the just-completed quarter, the company cut its worldwide work force by 200 employees. That was in addition to 600 cut earlier in the year.
Although most of the latest cuts were taken at overseas factories, layoffs made last month did include 30 to 35 ...
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